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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
BBVA vela atardecer

In Spain 2nd January 2025

BBVA creates new unit to boost speciality in data-driven services

Link Securities | BBVA (BBVA) announced on Monday that it has created a new unit to boost its expertise in data-driven services. Through the new Analytics Transformation Unit, BBVA is uniting its international team of more than 2,500 data scientists and specialists and will boost the development of its data-driven services with the latest advances in artificial intelligence. In this regard, BBVA points out that advanced data analysis is essential…

fruits consumer prices

In Spain 30th December 2024

Spain’s CPI rises 0.4% in December, reaching 2.8%

The Consumer Price Index (CPI) rose by 0.4% in December compared to the previous month, increasing its year-on-year rate by four tenths to 2.8%, according to preliminary data released on Monday by the National Institute of Statistics (INE). The agency explains that the increase is due to the rise in fuel prices and, to a lesser extent, to the prices of leisure and culture, which increased more in December than…

soltec 1

In Spain 30th December 2024

Soltec requests three-month extension to reach agreement and avoid bankruptcy proceedings

Link Securities | The company has asked the Mercantile Court No. 2 of Murcia to grant an extension of three months, that is, until March 26, 2025, in negotiations with its creditors to reach an agreement to resolve its financial situation and avoid bankruptcy, the digital portal Bolsamania.com reported yesterday. The company specialising in the manufacture of solar trackers has informed the National Securities Market Commission (CNMV) that it is…

bbva sabadell fusion 2

World economy 27th December 2024

BBVA obtains authorisation from Mexican Competition Commission for Banco Sabadell takeover bid

Norbolsa | BBVA (BBVA) has already received the green light from the Mexican Competition Commission (Cofece) for its takeover bid for Banco Sabadell (SAB). On Monday, the Mexican regulator gave the bank the go-ahead, which has determined that the notified operation is unlikely to affect the process of competition and free economic concurrence. BBVA’s transaction with Sabadell includes the indirect acquisition of Sabadell’s Aztec subsidiary and the rest of its…

vivienda españa

Spanish economy 27th December 2024

Mortgage lending accelerates in Spain: mortgages taken out grow 60.8% year-on-year in October

BancaMarch | Mortgage lending is accelerating in Spain. According to figures from the National Statistics Institute (INE), October was a historic month with a strong increase in mortgage activity. In October the number of mortgages taken out on homes grew by no less than 60.8% year-on-year (51,535 mortgages), making it the month with the highest number of mortgages granted since September 2010. The average amount of these operations stood at…

grifols edificio

In Spain 26th December 2024

Grifols completes bond issue earmarked for redemptions, settlements and corporate purposes

Link Securities | Grifols (GRF) informed the National Securities Market Commission (CNMV), in relation to a bond issue reported on 11 December that: the Bonds have been issued and the proceeds have been received and, therefore, the issue has been completed. The net proceeds of the issue have been used (i) together with cash on hand, to redeem in full on 27 December 2024 GRF’s 1.625% Senior Secured Notes due…

Sin título 3

European economy 26th December 2024

Lagarde says inflation very close to target, but urges vigilance on services inflation

Norbolsa | Christine Lagarde has declared that they are very close to bringing inflation to target, while warning that services inflation still requires close monitoring. The other focus of questions is around the impact of Trump’s tariff measures, again coming out in defence of free trade and the danger of such policies. The Governor of the Irish Central Bank, Gabriel Makhlouf, also said that Trump’s policies are unpredictable, and is…

Spain EUFunds

Spanish economy 26th December 2024

Spain grows 3.3% year-on-year in 3Q24, but moderation expected in 4Q24 with added difficulty of DANA impact

Bankinter: 3Q GDP (final) grows 3.3% year-on-year (versus 3.4% year-on-year preliminary and 3.2% previous),while in quarter-on-quarter terms confirms 0.8% quarter-on-quarter preliminary (and 0.8% previous). Link to the document. Analysis team’s view: Our estimates for the year anticipate 3.1% year-on-year growth, following the strength confirmed in the first 9M of the year (with a slight year-on-year change in Q3, but maintaining 0.8% quarter-on-quarter and projecting 2.2% year-on-year for 2025. We estimate…

caf cartel fachada

In Europe 23rd December 2024

CAF to supply 22 trains to French operator SNCF Voyageurs for over €400 million

Link Securities | French operator SNCF Voyageurs has once again entrusted CAF (CAF) with the supply of 22 Intercités trains, known as Oxygène, which will serve the Bordeaux-Marseille line, in addition to the 28 trains contracted in 2019 for the Paris-Limoges-Toulouse and Paris-Clermont-Ferrand lines. The initial contract for Oxygène trains provided for the option to extend the supply by up to 75 additional trains. The new agreement signed for 22…

enagas logo

Spanish economy 23rd December 2024

Enagás: ICSID agrees with Enagás in dispute with Peru over GSP and recognises compensation of €186 million

Bankinter | The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favour of Enagás in its litigation against Peru and has ordered the South American country to pay Enagás $194m (€186m) for the proceedings initiated in relation to the Gasoducto Sur Peruano (GSP) project. Enagás filed for arbitration to recover its investment in the GSP after the Peruvian government terminated the gas pipeline concession on 23 January…